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| SherryGarcia.COM |
WORKING WITH US GIVES YOU THE ADVANTAGE. |
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WHAT NORTH CAROLINA REQUIRES YOU TO KNOW!!!
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WORKING WITH REAL ESTATE AGENTS
When buying or selling real estate, you may find it helpful to have a real estate agent assist you. Real estate agents can provide many useful services and work with you in different ways. In some real estate transactions, the agents work for the sellers. In others, the seller and the buyer may each have agents. And sometimes the agent works for both the seller and the buyer. It is important for you to know whether an agent is working for you as your agent or simple working with you while acting as an agent of the other party.
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BUYER'S AGENY
DUTIES TO BUYER: If the real estate firm and it's agents represent you, they must * promote your best interests * be loyal to you * follow your lawful instructions * provide you with all material facts that could influence your decisions * use resonable skill, care and diligence, and * account for all monies they handle for you. Once you have agreed (either orally or in writing) for thr firm and its agents to be your buyer's agent, they may not give any confidential information about you to sellers or their agents without your permission so long as they represent you. But until you make this agreement with your buyer's agent, you should avoid telling the agent anything you would not want a seller to know. UNWRITTEN AGREEMENT: To make sure that you and the real estate firm have a clear understanding of what your relationship will be and what the firm will do for you, you may want to have a written agreement. However, some firms may be willing to represent and assist you for a time as a buyer's agent without a written agreement. But if you decide to make an offer to purchase a particular property, the agent must obtain a written agency agreement. If you do not sign it, the agent can no longer represent, and assist you and is no longer required to keep information about you about you confidential. Furthermore, if you later purchase the property through an agent with another firm, the agent who first showed you the property may seek compensation from the other firm. Be sure to read and understand any agency agreement before you sign it.
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